South Bow (NYSE:SOBO – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12, Zacks reports. The company had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million.
South Bow Price Performance
NYSE:SOBO traded down $1.27 during trading hours on Thursday, hitting $26.11. 575,498 shares of the company traded hands, compared to its average volume of 709,773. The stock’s 50-day moving average price is $24.56. The company has a market capitalization of $5.43 billion and a PE ratio of 14.24. South Bow has a twelve month low of $21.12 and a twelve month high of $27.60.
Wall Street Analyst Weigh In
SOBO has been the topic of several recent research reports. CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Tudor Pickering raised South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Scotiabank increased their price target on shares of South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Finally, TD Securities assumed coverage on South Bow in a research report on Wednesday, January 15th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, South Bow currently has a consensus rating of “Hold” and a consensus price target of $25.50.
South Bow Company Profile
South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.
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